Mandatum Life Insurance Co Ltd Sells 86,911 Shares of Mobileye Global Inc. (NASDAQ:MBLY)

Mandatum Life Insurance Co Ltd cut its holdings in Mobileye Global Inc. (NASDAQ:MBLY) by 54.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 71,881 shares of the company’s stock after selling 86,911 shares during the period. Mandatum Life Insurance Co Ltd’s holdings in Mobileye Global were worth $1,432,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Sanders Morris Harris LLC lifted its position in shares of Mobileye Global by 100.0% during the 4th quarter. Sanders Morris Harris LLC now owns 40,000 shares of the company’s stock valued at $801,000 after acquiring an additional 20,000 shares during the period. FNY Investment Advisers LLC acquired a new position in Mobileye Global in the fourth quarter valued at about $30,000. Versant Capital Management Inc lifted its position in Mobileye Global by 580.0% during the fourth quarter. Versant Capital Management Inc now owns 1,326 shares of the company’s stock worth $26,000 after purchasing an additional 1,131 shares during the period. Tidal Investments LLC grew its stake in Mobileye Global by 4.6% during the third quarter. Tidal Investments LLC now owns 36,586 shares of the company’s stock worth $501,000 after buying an additional 1,617 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in Mobileye Global in the 3rd quarter valued at about $273,000. Institutional investors own 13.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Loop Capital boosted their price objective on shares of Mobileye Global from $20.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. UBS Group raised their price objective on shares of Mobileye Global from $14.00 to $17.00 and gave the company a “neutral” rating in a report on Thursday. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $10.00 price target (down previously from $16.00) on shares of Mobileye Global in a report on Monday, October 7th. Royal Bank of Canada restated a “sector perform” rating and issued a $11.00 price objective on shares of Mobileye Global in a report on Thursday, December 5th. Finally, Mizuho lifted their target price on Mobileye Global from $15.00 to $17.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $23.81.

Mobileye Global Price Performance

Shares of Mobileye Global stock opened at $16.02 on Monday. The business has a 50-day simple moving average of $17.82 and a 200 day simple moving average of $16.61. The firm has a market capitalization of $12.99 billion, a price-to-earnings ratio of -4.39, a PEG ratio of 13.46 and a beta of 0.30. Mobileye Global Inc. has a one year low of $10.48 and a one year high of $34.00.

Mobileye Global Company Profile

Mobileye Global Inc develops and deploys advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide. The company operates through Mobileye and Other segments. It offers Driver Assist comprising ADAS and autonomous vehicle solutions that covers safety features, such as real-time detection of road users, geometry, semantics, and markings to provide safety alerts and emergency interventions; Cloud-Enhanced Driver Assist, a solution for drivers with interpretations of a scene in real-time; Mobileye SuperVision Lite, a navigation and assisted driving solution; and Mobileye SuperVision, an operational point-to-point assisted driving navigation solution on various road types and includes cloud-based enhancements, such as road experience management.